BEIJING (Asian Metal) 11 Apr 19 – On April 9, US-based Westwater Resources Inc. announced a new drilling and sampling exploration plan to explore for and define vanadium resources on five target areas at its Coosa Project in Alabama. The Company believes that this exploration plan could advance and enhance the evaluation of its existing graphite resource, including the possibility for an extension of that mineralization. The Company anticipates posting a Technical Report summarizing the vanadium exploration plan in May 2019.
Christopher M. Jones, President and CEO of Westwater Resources, stated, “This new exploration plan follows up our announcement earlier this year of a vanadium discovery on the Coosa Project. With vanadium prices at $15/lb and strong steel markets to support these high prices, we believe that this new exploration plan could make a fundamentally positive change in our Coosa Project value proposition.”
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